Jefferies Maintains a 'Buy' on iSoftStone Holdings (ISS); Adjusting Estimates on Mixed Outlook
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Price: $5.63 --0%
Rating Summary:
7 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
7 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Jefferies maintains a 'Buy' on iSoftStone Holdings (NYSE: ISS) price target of $14.00.
Analyst, Jason Kupferberg, said, "4Q revs and pro forma EPS were in-line with JEFe/Street/guidance but margins were below ests due to higher than expected comp and facilities expense. F12 revs guidance was above JEFe/Street (F1Q12 revs guidance in-line), but EPS guidance was below expectations by ~$0.05 due to higher tax rate, though this may prove conservative and mgmt is still expecting solid EBIT margin expansion in 2012."
"On the back of 4Q results and guidance, we are raising our F1Q/F12 revs ests to $80M/$376.5M, from $76.8M/$357.6M prior. While we maintain our pro-forma operating margins at 13.7%, we are reducing our F1Q/F12 pro-forma EPS ests to $0.12/$0.75, from $0.17M/$0.80 prior, primarily due to higher tax rate at 18.5% vs. 11% prior."
For an analyst ratings summary and ratings history on iSoftStone Holdings click here. For more ratings news on iSoftStone Holdings click here.
Shares of iSoftStone Holdings closed at $10.07 yesterday.
Analyst, Jason Kupferberg, said, "4Q revs and pro forma EPS were in-line with JEFe/Street/guidance but margins were below ests due to higher than expected comp and facilities expense. F12 revs guidance was above JEFe/Street (F1Q12 revs guidance in-line), but EPS guidance was below expectations by ~$0.05 due to higher tax rate, though this may prove conservative and mgmt is still expecting solid EBIT margin expansion in 2012."
"On the back of 4Q results and guidance, we are raising our F1Q/F12 revs ests to $80M/$376.5M, from $76.8M/$357.6M prior. While we maintain our pro-forma operating margins at 13.7%, we are reducing our F1Q/F12 pro-forma EPS ests to $0.12/$0.75, from $0.17M/$0.80 prior, primarily due to higher tax rate at 18.5% vs. 11% prior."
For an analyst ratings summary and ratings history on iSoftStone Holdings click here. For more ratings news on iSoftStone Holdings click here.
Shares of iSoftStone Holdings closed at $10.07 yesterday.
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